Wednesday, Octoter j, kco :i THE SUMPTER MINER. OFFICERS JOHN J. I'l-NIIAI.I-, President (l, hi Mi;r llunkrr Mill Co! J Miiy. U.) SUMI'llll, (JW'iOS Vice-President AI.HI:R1 GWsj-R, (l'tfIJri (.lll"iii!lanl) lUMMCIM I-.IIOIM- Sl'hKKY, R. C. Pl:NII.ANI), 'I reasurcr Secretary Grizzly Gold Mining Company Capital $500,000 In i,ooo,ocx) shares of the par value of Flit v Cents bach. Treasury Stock 400,000 shares. FULL PAID AND NON-ASSESSABLE Weekly Bulletin DEVELOPMENT The face of the Grizzly tunnel is now within $ feet of a point vertical with shaft on 6-foot ledne. Exceptionally hard rock has been driven through during the past ten days, but water is now being en coimteied, and a highly mineralized stringer of ore similar to showing in shaft has been crossed, which incicates the close proximity of 'the ledge, in which a pay streak occurs, and from where in the shaft assay returns exceed ing 5 joo per ton have been obtained. To meet cost of development, the sales of Treasury Stock will continue at SIX CENTS per share, payable all cash, or on the instalment plan. INSTALLMENT PT A1VT Two Thousand Shares at 5120.00, payable $ 10 down and 10 per month until paid. Larger blocks of stock on pro rata scale. j j j For Prospectus and Further Information, address, Grizzly Gold Mining Co., Sumpter, Ore. ftCff MCNCCi: Fit or Iuwmm Iummm, 0i. Cmitx ItMR Citv OmaoN OUR SMKLTHR IS ALL RIGHT. Expect Investigate and Say Work h Nearly Perfect. Having tteinrnllv been ashed myoptn-' ion as to the merits of the Sumpter smelter ,md not lmi Ink .im thiiiK pro or ion, I took tivi.islnn on a reient trip to visit tlir plant. I h.id received an invitation to witness the last running, but ilrcumstau irs iievented my being present. I -"rout leports, I hid muiluded that there was not mucii to esprit as ; result ol any run that mllil he made. Hut to answer in quiries ot my ttieinN I visited the works and made an examination on my own at. count, and the tollowlng is the result ol my nhseiiatiou. Of a possible result of 5j,ooo worth of ore, there Is on the platform Ji.Koo worth ( of matte. At a very conservative esti mate there are to worth of line dust saved by the condenser I have carefully assayed the slag and found In the poor slags no values. In No. 2, slags carrying iron and sulphur, there is 2.10 of an ounce of silver and 10 cents In gold, total value gold and silver $0. 11 and 15-100 per cent copper. To my w.iyofthluking.theMiieltlngwas nearly perfect. I here are in sight m)i per cent results. The encrustations, the spout slags and the crucible all carry val ues that can be utilized by a continuous run, which I am convinced will carry the values saved to (ullv g6 per cent of the entire values contained In the ores. Why this plant should be idle is something be yond my knowledge, but I will say that If the mine owners will combine and con tribute enough ores to make a decent run, say one thousand tons, I am convinced that they will at le.i-t save freight charges from Sumpter, and taking the slags as a crlterlo'i, the'V will save one to two per tent higher values than Is ordhmilv pro duced. Kben I. lorry in the Baker City Republican. Advance in the Price ol Silver. The average price of silver In January was vmo cents per ounce In the NeA York market, compared with 50.36 In lanu.ir, iK8. Hie gain noted in the beginning ol the year has been more than maintained, July closing with an average ol (11.25 cents per ounce, and August blowing a fraction to the good. A recent London quotation reduced to American money reads 62.61, which Is the best for sometime. Large purchases tor use in China explain the advance In silver .which is helped by the stationary condition of the sliver output. 1 he latter shows no gain anywhere, despite the marked Im provements in mining, concentration, transportation methods, smelting and the use of by-products. Willi all these ad vantages, all of them developed since iftji, the output ol silver is less than sta tionary, while its use everywhere in the arts and in coinage, is on the increase. This suggests a near gain In the value of silver mines, many of which, in this state and in Ui.ih, are once more on the U-t of steady dividend payers. I he experienced , miner knows that as between gold audi silver riii, the latter are usually the wider and more permanent. Hence II a silver or silver lead property is once I placed upon a paving basis, the chances are favorable to Its remaining in (hat po sition for a number of years, thus return ing a generous protit upon the original In vestment. Denver Miulng Record. Allur'ng Profits in Mining Stock. As an Illustration of the profits in good mining stocks,take the Gold Coin mine at Victor, C ilor.ido, as an instance. I:lve years ago the stock of this company was ottered at three cents per share, par value t, to a Washington attorney, who thought it was an ungate risk to take, and the otter was declined. He was urged to Invest 500 in this stock, which was then ottered at three cents per share, lhe Gold Coin has been paying divi dends of from one cent to two cents per share per month on its capilaliation of f 1,000.000 lor the past four years, and the stock is now worth 1 5.25 per share. Had the lawyer Invested the $00 as requested, he would have got 16.500 shares, which is today worth s per share, or over f8o, 000, to sav nothing of the dividends earn ed In the meantime, which have amounted to nearly lull .1 million dollars. Exchange. 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